Stablecoins must hold minimum base capital 1 million Singapore dollars ($740,000) and provide redemption within no more than five business days of a request.
Singapore central bank unveils regulatory framework, bringing clarity to stablecoins
Singapore’s central bank has announced its revised regulatory framework, whose primary objective is ensuring the stability of single-currency stablecoins that fall under the jurisdiction of the ...
Uproar over OCBC banking app’s new security feature is clearly misplaced
THERE has been uproar over OCBC’s mobile banking Android application refusing to run unless a user’s sideloaded apps are uninstalled. Read more at The Business Times.
UOB Kay Hian Remains a Hold on Singapore Exchange (SPXCF)
In a report released today, Llelleythan Tan from UOB Kay Hian maintained a Hold rating on Singapore Exchange (SPXCF – Research Report), ...
DBS head says Singapore hasn’t realized that it’s rich, suggests rethinking what to do with reserves
Mr Piyush Gupta, the head of DBS Group Holdings, called for reconsidering how the country’s sizable reserves can be better deployed. “We’ve still not caught up around the fact that we are a rich ...
Must-watch: Singapore Reserves Revealed gives exclusive insight into the country’s rainy day fund
Produced over the span of six months, Singapore Reserves Revealed is to date, the most extensive look at one of Singapore’s most closely guarded secrets. It features exclusive interviews with the ...
Singapore introduces visionary regulatory framework to boost stablecoins’ stability
The Monetary Authority of Singapore (MAS) unveiled an innovative regulatory framework to boost the stability of the nation’s certified stablecoins on 15 August. The central bank revealed that the new ...
Chongqing and Singapore lead by example in green finance collaboration – Minister Insights
As Chongqing's green finance infrastructure crystallizes, its synergy with Singapore signifies a watershed moment in the region's quest for sustainability. Their collaborative spirit serves as a ...
Saudi, Singapore wealth funds snap up Alibaba, JD.com, BeiGene and other Chinese stocks, picking up where US funds left off
The Saudi and Singapore sovereign funds recorded steep losses last year amid a global market downturn. The PIF incurred a loss of US$11 billion on investment activities last year, versus a US$19 ...
Climate change is Singapore’s biggest long-term crisis, says Indian-origin presidential hopeful Tharman
Climate change is the biggest long-term crisis that Singapore faces and adapting to it will require infrastructural investments, the country’s Indian-origin presidential hopeful Tharman Shanmugaratnam ...
Hin Leong liquidators and HSBC chase Lim Oon Kuin and scions for $3.6bn
In a court case that kicked off in Singapore last Thursday, Hin Leong Trading’s liquidators are demanding that its founder Lim, together with his two children, cough up $3.5bn for debts that allegedly ...
DBS Pledges SGD 1 Billion to Help Vulnerable Communities
DBS has pledged to set aside up to SGD 1 billion over the next 10 years in an effort to step up its support for vulnerable communities.
Singapore bulker player Uni-Asia sees first half profit slide 74%
Japanese bulker player Uni-Asia Group has reported a 74% year-on-year decline in first half profit, figures just released show. Singapore’s only listed bulker owner made $4.2m in the first six months ...
Singapore fintech firms eye bigger share of bank-dominated payment services
Singapore’s fintech firms are expanding their services and operations despite facing competition from the banking sector and even as they experience a decrease in funding due to macroeconomic ...
Singapore’s Neon considering $271m funding following Temasek’s $150m investment
The firm produces immersive experiences and exhibitions with franchises including Marvel’s Avengers. Read more at straitstimes.com.
Singapore Stock Market May Find Traction On Tuesday
The Singapore stock market has moved lower in back-to-back sessions, sinking almost 75 points or 2.3 percent along the way. The ...